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Edison in CityAM – Games Workshop

Edison in CityAM – Games Workshop

“Whilst the core business put in a strong performance, growing by 16 per cent at constant currency, licensing revenue was the star performer with 160 per cent constant currency growth helped by the release of the Space Marine 2 video game,” said Russell Pointon, director of consumer at Edison Group.

Games Workshop’s strong financial performance was joined by a “chunky” dividend announcement, taking dividends to £4.20 per share, up from the £3.15 declared at the same stage last year

“It is clear that management continues to plan for growth in the medium term with planning permission secured for a fourth factory in Nottingham and the purchase of two further properties in the period,” added Pointon.

Of the three analysts who cover Games Workshop, all give a Buy rating to its stock, with no other FTSE 100 stocks receiving a full endorsement from analysts.

Read the article here.

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